Another striking hit has hit the oil and gas industry. American Solar has developed a technology that can produce ultra-efficient solar power, which is cheaper than fossil fuels. The new solar panel manufacturing technology uses less silicon than other technologies and cuts off the most expensive component of a large number of solar panels.During its patent application process, only 4 micron silicon is used, leaving no waste and at the same time increasing the efficiency by 24%. This is 25% higher than the industry standard. According to Rayton, the cost of the solar photovoltaic module that it is applying for a patent is lower than the industry average. The development of solar photovoltaic technology is lagging behind the significant growth of global renewable energy production.